Question 1

The administrative costs and burden of a company is reduced due to this financial process.

Letter of Credit

Factoring

Bank loan

Harmonized Tariff Schedule of the United States

Question 2

This financial activity helps in enhancing the liquidity of the firm and efficient capital management. You can use the cash to generate growth, maybe hire another salesperson who will bring in more business. This is an advantage of?

Letter of Credit

LDP

Bank loan

Factoring

Question 3

This financial activity can incur charges ranging from 3% to 5%, depending on a firm's credit worthiness in return for immediate cash. In some instances, the fee can be as high as 10% or even rejected. This cost is a disadvantage of?

Letter of Credit

LDP

Factoring

Bank loan

Question 4

Which of the following is a characteristic of Cost Based pricing?

Focuses on what consumers are willing to pay.

Companies can often earn high profits on their products.

Considers the intangibles of its product

Pricing generally results in competitive prices

Question 5

Which best exemplifies Value Based pricing?

Both b & c

J Brand "Maria" skinny jeans selling at $198.00

Signature by Levi Strauss selling at $19.94.

Super skinny ankle jeans from H&M selling at $29.99.

Question 6

Which statement is NOT true?

Good - Better- Best is based on price-value relationships.

Generally, value is perceived the same by consumers.

Value based strategy is based on the belief of what consumers are willing to pay.

Profit margins can be low or high.

Question 7

The system that maximizes the ability to predict consumer behavior using psychology as its the platform is known as?

Psychographics.

Geographic's

VALS- Values and Life Styles

Demographics

Question 8

This behavioral segment prefers premium products that demonstrate success to their peers?

Achievers

Innovators

Thinkers

Experiencers

Question 9

"Consumers can be categorized by more than one VALS behavioral segment." Is this true or false?

False

True

Question 10

They are successful, take charge people with high self-esteem and financial resources. Their purchases reflect cultivated tastes for upscale, niche products and services. They are known as?

Experiencers

Innovators

Thinkers

Believers

Question 11

True or false? Status pricing is basically the market price method

False

True

Question 12

True or false? The primary pricing strategy used by Wal-Mart and Target is cost-based.

False

True